 1.4.1: In Figure 1.54, which shows the cost and revenue functions for a pr...
 1.4.2: Figure 1.55 shows cost and revenue for a company. (a) Approximately...
 1.4.3: (a) Estimate the fixed costs and the marginal cost for the cost fun...
 1.4.4: Values of a linear cost function are in Table 1.27. What are the fi...
 1.4.5: The cost C, in millions of dollars, of producing q items is given b...
 1.4.6: (a) Give an example of a possible company where the fixed costs are...
 1.4.7: Suppose that q = f(p) is the demand curve for a product, where p is...
 1.4.8: A company has cost and revenue functions, in dollars, given by C(q)...
 1.4.9: The demand curve for a quantity q of a product is q = 5500 100p whe...
 1.4.10: A demand curve is given by 75p + 50q = 300, where p is the price of...
 1.4.11: An online seller of Tshirts pays $500 to start up the website and ...
 1.4.12: A car wash operator pays $35,000 for a franchise, then spends $10 p...
 1.4.13: A couple running a housecleaning business invests $5000 in equipme...
 1.4.14: A lemonade stand operator sets up the stand for free in front of th...
 1.4.15: A company thatmakes Adirondack chairs has fixed costs of $5000 and ...
 1.4.16: An amusement park charges an admission fee of $21 per person as wel...
 1.4.17: A photocopying company has two different price lists. The first pri...
 1.4.18: A company has cost function C(q) = 4000+2q dollars and revenue func...
 1.4.19: A movie theater has fixed costs of $5000 per day and variable costs...
 1.4.20: A company producing jigsaw puzzles has fixed costs of $6000 and var...
 1.4.21: Production costs for manufacturing running shoes consist of a fixed...
 1.4.22: A $15,000 robot depreciates linearly to zero in 10 years. (a) Find ...
 1.4.23: A $50,000 tractor has a resale value of $10,000 twenty years after ...
 1.4.24: A new bus worth $100,000 in 2010 depreciates linearly to $20,000 in...
 1.4.25: A corporate office provides the demand curve in Figure 1.57 to its ...
 1.4.26: The table shows the cost of manufacturing various quantities of an ...
 1.4.27: One of Tables 1.28 and 1.29 represents a supply curve; the other re...
 1.4.28: Figure 1.58 shows supply and demand for a product. (a) What is the ...
 1.4.29: A company produces and sells shirts. The fixed costs are $7000 and ...
 1.4.30: When the price, p, charged for a boat tour was $25, the average num...
 1.4.31: Table 1.30 gives data for the linear demand curve for a product, wh...
 1.4.32: The demand curve for a product is given by q = 120,000 500p and the...
 1.4.33: World production, Q, of zinc in thousands of metric tons and the va...
 1.4.34: A taxi company has an annual budget of $720,000 to spend on drivers...
 1.4.35: A company has a total budget of $500,000 and spends this budget on ...
 1.4.36: You have a budget of $2000 for the year to cover your books and soc...
 1.4.37: Linear supply and demand curves are shown in Figure 1.59, with pric...
 1.4.38: The demand for a product is given by p = 9010q. Find the ratio !!!!...
 1.4.39: A demand curve has equation q = 100 5p, where p is price in dollars...
 1.4.40: A supply curve has equation q = 4p 20, where p is price in dollars....
 1.4.41: A tax of $8 per unit is imposed on the supplier of an item. The ori...
 1.4.42: The demand and supply curves for a product are given in terms of pr...
 1.4.43: In Example 8, the demand and supply curves are given by q = 100 2p ...
 1.4.44: Answer the questions in 43, assuming that the 5% sales tax is impos...
Solutions for Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS
Full solutions for Applied Calculus  5th Edition
ISBN: 9781118174920
Solutions for Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS
Get Full SolutionsApplied Calculus was written by and is associated to the ISBN: 9781118174920. Since 44 problems in chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS have been answered, more than 20531 students have viewed full stepbystep solutions from this chapter. This expansive textbook survival guide covers the following chapters and their solutions. This textbook survival guide was created for the textbook: Applied Calculus, edition: 5. Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS includes 44 full stepbystep solutions.

Average rate of change of ƒ over [a, b]
The number ƒ(b)  ƒ(a) b  a, provided a ? b.

Binomial coefficients
The numbers in Pascal’s triangle: nCr = anrb = n!r!1n  r2!

Bounded interval
An interval that has finite length (does not extend to ? or ?)

Confounding variable
A third variable that affects either of two variables being studied, making inferences about causation unreliable

De Moivre’s theorem
(r(cos ? + i sin ?))n = r n (cos n? + i sin n?)

Dependent variable
Variable representing the range value of a function (usually y)

Equal complex numbers
Complex numbers whose real parts are equal and whose imaginary parts are equal.

Feasible points
Points that satisfy the constraints in a linear programming problem.

Fibonacci sequence
The sequence 1, 1, 2, 3, 5, 8, 13, . . ..

Imaginary part of a complex number
See Complex number.

Opposite
See Additive inverse of a real number and Additive inverse of a complex number.

Polynomial in x
An expression that can be written in the form an x n + an1x n1 + Á + a1x + a0, where n is a nonnegative integer, the coefficients are real numbers, and an ? 0. The degree of the polynomial is n, the leading coefficient is an, the leading term is anxn, and the constant term is a0. (The number 0 is the zero polynomial)

Radicand
See Radical.

Random behavior
Behavior that is determined only by the laws of probability.

Real number
Any number that can be written as a decimal.

Sequence
See Finite sequence, Infinite sequence.

Slant line
A line that is neither horizontal nor vertical

Upper bound for real zeros
A number d is an upper bound for the set of real zeros of ƒ if ƒ(x) ? 0 whenever x > d.

Upper bound test for real zeros
A test for finding an upper bound for the real zeros of a polynomial.

Zero of a function
A value in the domain of a function that makes the function value zero.